https://www.taxtmi.com/caselaws?id=28645 The High Court of Madras ruled in favor of the Revenue in the case involving M/s. India Pistons Repco Ltd. The court held that the expenditure incurred by the assessee in dismantling and shifting its factory constitutes capital expenditure, aligning with the principles established by the Supreme Court regarding enduring benefit and distinguishing between capital and revenue expenditure. The court referred to relevant case law, including the decision in Sitalpur Sugar Works Ltd. v CIT [1963] 49 ITR 160 (SC), and affirmed the Tribunal's decision to disallow the shifting expenditure as capital expenditure. en-us Fri, 18 Dec 1981 00:00:00 +0530 Wed, 24 Feb 2010 15:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28645 The High Court of Madras ruled in favor of the Revenue in the case involving M/s. India Pistons Repco Ltd. The court held that the expenditure incurred by the assessee in dismantling and shifting its factory constitutes capital expenditure, aligning with the principles established by the Supreme Court regarding enduring benefit and distinguishing between capital and revenue expenditure. The court referred to relevant case law, including the decision in Sitalpur Sugar Works Ltd. v CIT [1963] 49 ITR 160 (SC), and affirmed the Tribunal's decision to disallow the shifting expenditure as capital expenditure. Case-Laws Income Tax Fri, 18 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28645